NYSE$GRNT

Granite Ridge Resources Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

GRNT Q2 2024 — n/d revenue, 30.00 EPS

Items contemplating or making assumptions about actual or potential future production, sales, market size, collaborations, cash flows, and trends or operating results also constitute such forward-look. Granite Ridge Resources Inc reported Q2 2024 results. Diluted EPS came in at $30.00. Net income of $21K. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.

  • Diluted EPS: $30.00.
  • Net income: $21K.
  • Operating income: $22K.

Headline financials

Total Revenue

$90.7M

Previous: $87.6M+3.5%
EPS

$0.04

Previous: $0.07-42.9%
Capital Expenditures

-$157M

Previous: -$212M+26.0%
Free Cash Flow

-$152M

Previous: -$203M+25.3%
Net Income

$5.1M

Previous: $8.74M-41.6%
Operating Income

$21.9M

Previous: $23.9M-8.3%
Cash & Equivalents

$13.5M

Previous: $14.5M-6.6%
Total Assets

$990M

Previous: $873M+13.4%

Revenue & EPS history

Granite Ridge · Revenue · Quarterly

$90.7M

Q2 2024+3.5%vs Q2 2023
Beat estimate in 1 of 2 quarters(50%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 11 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

-1.3%

Avg return

Earnings day

+0.4%

Avg return

5 days after

-0.3%

Avg return

30 days after

36%

4 / 11 earnings

Positive

+3.9%

Q3 2022

Best reaction

-6.0%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.9%-8.1%-15.8%
Q4 2025-6.0%-5.1%+7.3%
Q3 2025-4.6%-5.6%+0.4%
Q1 2025+1.4%+10.8%+14.5%
Q3 2024-0.2%+3.8%-2.8%
Q2 2024+2.6%+7.1%-1.5%
Q1 2024+0.6%-2.0%-5.7%
Q3 2023-2.8%-1.3%-2.0%
Q2 2023-2.3%+3.5%+3.6%
Q1 2023-4.8%-2.9%+8.3%
Q3 2022+3.9%+3.8%-10.0%

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